A. Insurance: The applicant shall furnish evidence that a public liability insurance policy in amounts of not less than fifty thousand dollars ($50,000.00) for one person and one hundred thousand dollars ($100,000.00) for any one accident, shall be in force and effect at the time such structure is to be occupied or at the time the event is to be conducted.
B. Bond:
1. The applicant shall deposit with the city treasurer a cash bond in the sum of one thousand dollars ($1,000.00), conditioned upon saving harmless the city from any and all liabilities or causes of action which might arise by virtue of the granting of a permit to the applicant and conditioned further that no damage will be done to the streets, sewers, trees or adjoining property and that no dirt, paper, litter or other debris will be permitted to remain upon the streets or upon any private property by the applicant.
2. Such cash bond shall be returned to the applicant upon certification by the chief of police that the applicant is in compliance with all conditions of this chapter. (1962 Code § 5-1-35)